Pronunciation: (hob'nob"), [key]
—v., -nobbed, -nob•bing,
1. to associate on very friendly terms (usually fol. by with): She often hobnobs with royalty.
2. Archaic.to drink together.
a friendly, informal chat.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.